August, 2021

• 20 August

  Beauty-tech startup Watalook lands $1M in pre-seed

  

  The Lithuanian based startup Watalook is striving to redefine the beauty tech market with its digital assistant for independent beauty professionals across the U.S. Watalook has experienced a growth of over 30% in users each month and has recently raised $1M in the pre-seed round co-led by Startup Wise Guys, Crosspring, Launchpad Capital, and angel investors. Watalook provides a platform …

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July, 2021

• 28 July

  Estonian start-up helps to save up to 50% of EU housing energy consumption through intelligent building solution

  

   Bisly, the Estonian tech company developing intelligent building solutions, has raised 1.7 million euros to carry out its aggressive expansion plan into European countries. The tech start-up’s technology helps to make energy consumption up to two times more efficient. According to Siim Vips, founder and CEO of Bisly, buildings consume up to 40% of energy in the EU and automated …

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• 10 July

  Swedish startup ElByte combines comparison of electricity agreements to reduce energy consumption

  

  Elbyte started as a page with detailed guides about the Swedish electricity market, but now you can also compare and find cheap electricity prices and electricity agreements in their comparison service. Elbyte was started with a passion for sustainability and how you as a consumer of electricity could reduce your consumption. The founders of Elbyte felt that more sustainability is …

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June, 2021

• 25 June

  Denmark’s Custimy raised $800K round to help SMBs understand their customers

  

  Danish software start-up Custimy.io has developed a Customer Data Platform (CDP), to help SMBs challenge the multinational e-commerce giants through smarter use of customer data. Less than a year into its existence, Custimy.io raises more than ＄800k in pre seed funding to take the next steps in their journey towards empowering SMBs through data insights. Software start-up Custimy.io has developed a …

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• 25 June

  SNÖ Ventures launch new $100m Nordic venture fund backed by Peter Thiel

  

  Oslo-based SNÖ Ventures has launched its second fund to  invest in visionary Nordic entrepreneurs and connect the Nordics  with the US and broader Europe. The new fund targets $100M to invest  in early stage, high-growth Nordic tech companies with the potential to disrupt,  create or capture large markets through transformative technology or  solutions.  By Kremena Tosheva  SNÖ Ventures is led …

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• 17 June

  Ten startups chosen to accelerate the development of sustainable cities in Nordics

  

  The Copenhagen-based Nordic accelerator Urbantech Program, hosted by BloxHub, has announced the 10 most promising and innovative sustainable technology startups for their 2021 batch. This announcement comes after a global search for urbantech startups. According to the UN, up to 70 percent of the world’s population is expected to live in cities by 2050. This creates major challenges and calls …

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• 10 June

  Civinity invests €15 million in PropTech startups

  

  Civinity, one of the largest facility management and engineering groups in the Baltic states, has announced the launch of their new investment management firm called Pentaframe Capital. Pentaframe Capital plans to invest up to €15 million across the following five years, with focus on real estate, facility management, and smart city tech startups across Europe. By Rūta Lapinskienė  Pentaframe Capital plans …

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• 4 June

  Finnish scale-up Nosto acquires Stackla, a global visual content marketing platform

  

  The Finnish commerce experience scale-up Nosto has aquired Stackla, a visual content marketing platform for user-generated content. The acquisition is Nostos first acquisition and marks their entrance into the Australian and Southeast Asian markets.  By Uday Radia AI-powered personalized shopping Nosto, a Finnish commerce experience scale-up which helps retailers deliver personalized digital shopping experiences, has acquired Stackla, a global visual …

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• 2 June

  Nordic and Baltic investments show progressive trend towards sustainability in 2021

  

  According to reports from, European Capital,  Danske Bank and i5invest, European VC and PE funds have been substantially gaining ground despite Covid-19, and a substantial margin in the Nordics are focusing on investments in energy and sustainability. Norway, Denmark, and Lithuania have a particularly strong focus on investments in these areas in 2021 compared to the rest of Europe, and …

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• 2 June

  Latvia’s Nordigen raises €2 million to expand free open banking API

  

  Latvia’s Nordigen has announced a new €2.1 million investment to expand their freemium model after growing to support more than 1000 European bank APIs.  Investors include Black Pearls VC, Inventure, Highgoal Capital, ID4 Ventures, Calchas Holding and angel investors from across the Baltics including Artis Kehris, Henry Nilert, Gerri Kodres and Riivo Anton. The startup is challenging Tink and other …

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